Quotes from Earthlings

Muh Tweets

Tag: banking

Matt Taibbi blows his stack at a fellow commentator who accuses the OWS protestors of simply being envious of the rich. He gives a litany of examples of how, in fact, the Wall St. illuminati have gotten to where they are by cheating and gaming the system, or at the very best, by being lucky. Not through hard work or supernatural skill. Being pissed off about that isn’t being jealous of someone else’s success. At what point do the “deviant” and “legitimate” financial sectors simply merge, with little to nothing in the way of externally imposed rules governing what’s acceptable, and what’s not?

Losing $63 Billion to Gray Market – P&G sells the same bleach and diapers to distributors in the US and Honduras, at wildly different prices. Enterprising Central American businessmen then re-ship goods to US making a tidy profit. This is a gray market? Sounds like a free market to me! Industry isn't "losing" $63B, they're just not being allowed to cheat their American customers. Remember how in capitalism competition is supposed to drive the cost of goods to the cost of production? Where were these guys in Econ 101? (tagged: economicstradepolicy )

Britain’s Antiterror Officer Resigns – The prevalence of citizen collected surveillance, whether it be news media or cell-phone videos has made it clear what a bunch of liars the Authorities are. When given the chance to cover their own asses by abusing the institutionalized trust we have in them, they seem almost always to do so. The cameras are here. They are ubiquitous. They are not going away. They might as well record the cops. (tagged: transparencysecuritypoliceterrorismsurveillancemedia )

Privacy and the Fourth Amendment – Our laws, or at least, our interpretations of them, desperately need to be updated to deal with information and privacy in a computer mediated world. What will be the framing cases, and how will they shake out? Apparently the warrantless wiretapping wasn't a big enough scandal to get us paying attention. Terrifying to imagine what it will take. (tagged: privacylawsecuritytechnology )

The Quiet Coup – A withering op-ed by Simon Johnson on the policy disaster that is our financial sector. But he's still not willing to re-evaluate the underlying premise of perpetually debt fueled exponential economic growth. How, exactly, was this all supposed to work out? (tagged: politicseconomicsfinancebailoutcrisispolicybankingimf )

MASHSF – Fixies gone wild. Not my kind of riding, but hey, someone's having a good time! Looks like they're making a movie. (tagged: bicyclefixievideocycling )

A New Way Forward – Grassroots banking policy? Who'd have guessed? Their plan is "Nationalize. Reorganize. Decentralize." The N-word has some bad connotations, but what they're really advocating for is an FDIC style managed bankruptcy, i.e. letting the banks fail, cleaning out the shareholders and management, and applying real anti-trust laws to the financial industry. I never thought I'd go to a banking protest. (tagged: economicsbailoutfinancefdicactivismbankingpolicy )

MailStopper – Is $20/year too much to pay to avoid junk mail? Would it really work? The self-monitoring aspect is interesting too. Would be great to be able to watch your name and address as it propagates through the ocean of direct marketing databases, and credit reporting agencies. (tagged: greenjunkmailsustainabilityinternet )

YellowPagesGoesGreen.Org – I hate the two kilograms of cellulose that the phone company insists on littering my doorstep with each year. I was a little bit drunk when they showed up last week, and threw them in the street. I don't even have a land line. Why would I want a phone book? Who uses those things anyway? Thankfully, someone else has already created an opt-out system… too bad I'll have to wait a year to see if it actually works. (tagged: environmentrecyclingpaperyellowpagesmailgreensustainability )

The Age of Stupid – A new combination sci-fi documentary on climate change… framed as a man looking back and trying to understand why we failed to act, from the year 2055. The movie was "crowd funded" – the filmmakers sold shares of the profits to individuals (and the crew) in exchange for cash (about $1 million total). The trailer looks fairly good… (tagged: climatefilmgreenenvironment )

Mistrial by iPhone – Juries’ Web Research Upends Trials – Another example (cf death of record companies, newspapers) of technology upending previously stable social and legal systems. 9/12 jury members found to be doing research on the trial they were sitting on, via their cell phones and the internet. People don't consider the meta-brain to be a separate entity any more. Certainly not for weeks of sequestration on end… (tagged: lawtechnologyinternetphonejurytrial )